NAVYA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NAVYA
Largest movements
- Receivables within one year +€25,659
up €25,659 (+30.4%), from €84,268 to €109,927
of which Other amounts receivable: +€43,451
- Tangible fixed assets -€3,832
down €3,832 (-38.6%), from €9,938 to €6,106
of which Furniture and vehicles: -€3,422
- Cash -€3,190
down €3,190 (-61.2%), from €5,213 to €2,023
mainly Receivables within one year (-€25,659) and Trade debts (-€18,258)
- Stocks and contracts +€2,276
up €2,276 (+4.2%), from €54,170 to €56,446
- Profit (loss) carried forward +€34,942
up €34,942 (+51.1%), from €68,438 to €103,380
- Trade debts -€18,258
down €18,258 (-37.1%), from €49,164 to €30,906
- Tax, wage and social debts +€3,505
up €3,505 (+9.8%), from €35,825 to €39,330
of which Remuneration and social security: +€2,289
- Gross operating margin +€37,777
up €37,777 (+50.7%), from €74,532 to €112,309
- Staff costs +€29,981
up €29,981 (+207%), from €14,463 to €44,444
- Other operating charges +€7,687
up €7,687 (+637%), from €1,206 to €8,893
- Taxes +€4,205
up €4,205 (+30.5%), from €13,789 to €17,994
- Financial income +€3,706
up €3,706 (+345%), from €1,075 to €4,781
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,473 | €180,831 | +€20,357 | +12.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,692 | €8,860 | -€3,832 | -30.2% |
| Tangible fixed assets | 22/27 | €9,938 | €6,106 | -€3,832 | -38.6% |
| Plant, machinery and equipment | 23 | €2,356 | €1,946 | -€410 | -17.4% |
| Furniture and vehicles | 24 | €7,582 | €4,160 | -€3,422 | -45.1% |
| Financial fixed assets | 28 | €2,754 | €2,754 | = | 0.0% |
| Current assets | 29/58 | €147,781 | €171,970 | +€24,189 | +16.4% |
| Stocks and contracts in progress | 3 | €54,170 | €56,446 | +€2,276 | +4.2% |
| Stocks | 30/36 | €54,170 | €56,446 | +€2,276 | +4.2% |
| Amounts receivable within one year | 40/41 | €84,268 | €109,927 | +€25,659 | +30.4% |
| Trade receivables | 40 | €17,792 | - | -€17,792 | |
| Other amounts receivable | 41 | €66,476 | €109,927 | +€43,451 | +65.4% |
| Cash at bank and in hand | 54/58 | €5,213 | €2,023 | -€3,190 | -61.2% |
| Deferred charges and accrued income | 490/1 | €4,130 | €3,575 | -€555 | -13.4% |
| Total equity and liabilities | 10/49 | €160,473 | €180,831 | +€20,357 | +12.7% |
| Equity | 10/15 | €75,456 | €110,398 | +€34,942 | +46.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €718 | €718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €718 | €718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,438 | €103,380 | +€34,942 | +51.1% |
| Amounts payable | 17/49 | €85,017 | €70,432 | -€14,585 | -17.2% |
| Amounts payable within one year | 42/48 | €84,989 | €70,239 | -€14,750 | -17.4% |
| Financial debts | 43 | €0 | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €49,164 | €30,906 | -€18,258 | -37.1% |
| Suppliers | 440/4 | €49,164 | €30,906 | -€18,258 | -37.1% |
| Taxes, remuneration and social security | 45 | €35,825 | €39,330 | +€3,505 | +9.8% |
| Taxes | 450/3 | €34,008 | €35,224 | +€1,217 | +3.6% |
| Remuneration and social security | 454/9 | €1,817 | €4,106 | +€2,289 | +126% |
| Accrued charges and deferred income | 492/3 | €28 | €193 | +€165 | +585% |
| Remuneration, social security and pensions | 62 | €14,463 | €44,444 | +€29,981 | +207% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,422 | €3,832 | +€410 | +12.0% |
| Other operating charges | 640/8 | €1,206 | €8,893 | +€7,687 | +637% |
| Non-recurring operating charges | 66A | - | €528 | +€528 | |
| Gross operating margin | 9900 | €74,532 | €112,309 | +€37,777 | +50.7% |
| Operating profit (loss) | 9901 | €55,441 | €54,613 | -€829 | -1.5% |
| Financial income | 75/76B | €1,075 | €4,781 | +€3,706 | +345% |
| Recurring financial income | 75 | €1,075 | €4,781 | +€3,706 | +345% |
| Financial charges | 65/66B | €6,554 | €6,458 | -€97 | -1.5% |
| Recurring financial charges | 65 | €6,554 | €6,458 | -€97 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €49,962 | €52,936 | +€2,974 | +6.0% |
| Income taxes | 67/77 | €13,789 | €17,994 | +€4,205 | +30.5% |
| Profit (loss) for the period | 9904 | €36,173 | €34,942 | -€1,231 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,173 | €34,942 | -€1,231 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.